Will Canada’s Telesat really complete its Lightspeed constellation by 2028?
According to the most recent financial report from the Canadian satellite communications company Telesat, it expects its Lightspeed low-Earth-orbit (LEO) satellite constellation to be launched and operational by 2028.
During the first quarter, Telesat invested $171 million into the Lightspeed program, reflecting $19 million in operating expenses and $152 million in capital expenditures, bringing its total investment to date to approximately $2.7 billion.
The company reported advancing through several technical milestones in early 2026. “During the quarter, we held further design reviews with our satellite and launch vehicle dispenser manufacturers and progressed our work on user terminals, network and satellite operations software development, and ground station deployments,” noted Telesat President and CEO Dan Goldberg.
The company confirmed it remains fully funded, utilizing cash on hand and existing financing facilities, to reach full global commercial service around the end of the first quarter of 2028.
At the moment however the company has launched no satellites in this LEO constellation. Moreover, in a recent amendment to its FCC application, the company reduced the size of the constellation from 1,671 satellites to only 300, with no explanation.
We shall see what happens. My instincts sense a bit of blarney here. This constellation will likely launch, but I think the company’s proposed schedule is questionable.






